Tuesday, September 29, 2015

Watchers for the 9-30-15 trading session


Again see my previous comments. Basing now and doji print but still unchanged so looking for another drop. At this point it could as easily advance so enter only on weakness and don't be stubborn.


B/O scan. I like it long back over 9.76 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is arguably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a fair sign for new buys. Exiting below 9.50 on fails after trigger entry is possibly advisable. Early r/g buy?


Bullish Engulfing. I like this long over 2.13/holds. Modest volume on the rise, which is a fair sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. Stops just under the low last time or the initial 30 minute one on Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 2.04 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


In play both ways. As a long on continuation of momentum above 4.65/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 4.50/and holds. Or as a scalp sell on a pop down at or near the bell. Avoid all big gaps. Be careful maintaining a short on a reversal back over 4.50. The fade is more likely given the price action on Tuesday, but keep an open mind.


Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 16.66/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 16.66 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Small buy volume, which may mean overt buy interest is just starting, suggesting reversal upwards is only developing now.


I like this long on a break out over 5.54/holds. Or on a spike up at or near the gun as a scalp buy. Keep flat on after the noise candle bearish price action or on morning panic dumps. Watch for a early pseudo weakness with a a red to green move to purchase into. Avoid all big gaps and shorts. Possible short squeeze over the trigger. Low volume flat debut solid rise on Tuesday. Requires constant monitoring. Stops just under 5.25 is one risk managing approach, since a fail back under indicates failure on the buy. 


Red floater scan return. Idea is to play for more, real down side on day 2. Closed up under 0.5% on Tuesday off a gap up open that ended below the debut. Stop just above the Tuesday session high (17.12) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Large buy volume on Tuesday means it may have some chances to work. A 17 fail may be ideal. Avoid big gaps/longs. Panic dump?

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